£744,463
This estimated value is based upon the latest sale price for the house of £450,000 on 16 Jan 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £450,000 | 16 Jan 2007 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in January 2007 the House Price Index for TYNE AND WEAR was 90.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 65.436%.Applying this 65.436% change to the original purchase price of £450,000 results in an estimated price of approximately £744,463.
| 16 Jan 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.5 | 149.7 | 65.436 % | £450,000 | £294,463 | £744,463 |
The Postcode Pricing Model uses changes in average sales price within the NE16 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 109.110 % | £490,994 | £940,994 |
| 3 Month Average | 38.574 % | £173,581 | £623,581 |
| 6 Month Average | 35.016 % | £157,570 | £607,570 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £213,277 | £210,000 | 87 WHAGGS LANE |
| 22 Sep 2023 | £342,551 | £335,000 | 8 ASHFIELD ROAD |
| 22 Sep 2023 | £329,769 | £322,500 | 1 CLOVERDALE GARDENS |
| 15 Aug 2023 | £611,020 | £600,000 | 53 CORNMOOR ROAD |
| 15 Jun 2023 | £306,135 | £300,000 | 4 OAKFIELD ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Under investigation | On or near The Copse |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Oakfield Avenue |
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Greystoke Gardens |
| Sep 2024 | Theft from the person | Under investigation | On or near Greystoke Gardens |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Greystoke Gardens |